Answer: b. second degree price discrimination
Since the school pays a different rate for the first million kilowatts consumed and a lower rate for any consumption over a million kilowatts, second degree price discrimination is at play.
When corporations or businesses sell the same product to different customers at different prices, with a view to maximize profits, price discrimination is said to occur.
There are three types of price discrimination -
First Degree price discrimination
Second Degree price discrimination
Third Degree price discrimination
First degree price discrimination occurs when the supplier sells the goods at a price the customer is willing to pay for the good.
Second Degree price discrimination occurs when the supplier establishes slabs for different quantities of goods sold. In this case, the supplier will offer a higher per unit cost for lower quantity of goods, and a lower per unit cost for a higher quantity of goods
Third degree price discrimination occurs when a firm is able to clearly divide its markets into segments. The products are positioned in each segment in a different manner.
Answer:
B. Higher, lower
Explanation:
Uncertainty avoidance refers to how tolerant is the society in respect to ambiguity and unpredictable things. High uncertainty avoidance cultures don't like uncertainty and try to control this through laws and rules. Low uncertainty avoidance cultures feel comfortable with uncertainty and people tend to be tolerant to changes and have few rules.
According to that, the answer is that higher uncertainty avoidance (e.g., Greece, Portugal, and Uruguay) is associated with a need for structure, avoiding differences, and very formal business conduct governed by many rules, whereas a lower uncertainty avoidance (e.g., Singapore, Jamaica, and Hong Kong) is characterized by an informal business culture, acceptance of risk, and more concern with long term strategy and performance than with daily events.
Answer:
b labor of the maintenance employees
c labor of the clerical staff
Explanation:
During the production or composition of finished goods, some form of labors are directly or indirectly involved in the manufacturing of such finished product. Where labor is not readily traced to the manufacturing of finished product, such is known as indirect labor.
On the other hand, labor that is directly involved in the composition of finished product is known as direct labor. Examples of indirect labor are ; wages of supervisors , clerical staff, general helpers , material handlers and maintenance workers.
Answer:
The Act was introduced to: promote a fair and non-discriminatory marketplace for access to consumer credit
Explanation:
The National Credit Act was enacted on the premise that consumers need to be protected from this practice. The Act thus exerts pressure on the credit lenders to assess the consumer's ability to repay, disclose the cost of credit, as well as setting limit on interest that can be charged.
Answer:
B) $9,500, 000
Explanation:
The tax basis for Ted's estate is $9,500,000, ans since it falls under the current federal estate tax exemption($11,400,000), his wife and children do not have to pay any estate taxes. If Ted's family sells the assets before the six month alternate valuation is effective, then their tax basis will be the same as Ted's estate ($9,500,000).
